"Zap" feature is often requested. Is that just a lightning button on posts that opens up a modal that lets you specify the amount? Or tracking of total zapped amount?

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Zaps have also a LNURL Server side part that lets amount tracking:

https://github.com/nostr-protocol/nips/blob/zaps/57.md

Yes.

I prefer a quote tweet style post

NIP57 so far. It's pay to post, with optional comment. Then you can see who has zapped a certain post, and why.

No. No pop up. No further actions.

A zap is a one button tap, like a like, that sends a prefixed amount of sats (set by user?) to someone who published a note.

So I might set my zaps to 100 sats, and then zap some posts that I like.